Gold Price Close Today : 1642.50 Change : -51.20 or -3.02% Silver Price Close
Today : 3214.70 Change : -139.7 cents or -4.16% Gold Silver Ratio Today : 51.093
Change : 0.602 or 1.19% Silver Gold Ratio Today : 0.01957 Change : -0.000233 or
-1.18% Platinum Price Close Today : 1664.30 Change : -18.70 or -1.11% Palladium
Price Close Today : 693.95 Change : -7.95 or -1.13% S&P 500 : 1,394.28 Change :
-1.67 or -0.12% Dow In GOLD$ : $166.06 Change : $ 5.24 or 3.26% Dow in GOLD oz :
8.033 Change : 0.253 or 3.26% Dow in SILVER oz : 410.43 Change : 17.58 or 4.48%
Dow Industrial : 13,194.10 Change : 16.42 or 0.12% US Dollar Index : 80.53
Change : 0.341 or 0.43% The GOLD PRICE lost $51.20 and fell clean to the level I
yesterday bruited, closing Comex at $1,642.50. Silver did worse, puking up
139.7c to close at 3214.7c. GOLD PRICE broke $1,680 in European trading, and
suddenly looked like a leper in a Turkish bath: no friends at all. Nobody wanted
to know gold. It traded down to $1,640 support, and closed Comex at $1,642.50,
but in the aftermarket stretched down to $1,634.72. That brought gold's friends
out of the shadows and set them to buying -- or at least, covering their short
positions. Tomorrow the battle will take place at $1,635. If GOLD can turn back
its attackers there, it can hold on. Otherwise, the break through the 200 DMA
today ($1,679) after gold is already below its 50 DMA (1,701) and 150 Dma
(1,715.50) argues for a trip to $1,605. I bought a little SILVER today, because
of gold's price. I will buy gold at $1,605, and will be tempted at $1,625. Why
tempted? Because I see an upside down head and shoulders forming since November,
with a target about $2,030. If that's so, the bottom of this last and right
shoulder should occur about there. A like formation stares out of SILVER PRICE
chart, but the shoulder could stop anywhere from 3100c to 2850c. Hurtful day for
silver. Fell through its 50 DMA today (32.85). Already below the 200 (3484c) and
300 DMA (3492c). Silver made its low at 3146c and could still drop as low at
3000c, maybe lower. Patient, patient. Lift up your eyes to the horizon. I don't
want to give y'all a headache, but listening to what bits of news broadcasts I
can't avoid, it occurs to me that none of the Three Stooges running for the
Republican presidential nomination can beat Bernard O'Bama. There's Mitt
MakesUSnore Romney, Rick Now-I'm-A-Conservative-But-Still-Had-My-
Charisma-Surgically-Removed Santorum, and Newt (like the slick Lizard) Gingrich.
There's not enough charm amongst the three of them to make a good Chatty Kathy
doll, nor enough integrity to fill up a mustard seed. Y'all thought it was hard
to make O'Bama look good, but the Republicans have done it. STOCKS looked
confused today, but after yesterday's big blow-out, a hangover is expected. Dow
gained 16.42 (0.12%) but the S&P500 fell 1.67 (0.12%). Mercy! I keep looking at
that chart, wondering how it could have been so mean to lie to me, and I trace
out all the same thing again. It's like dating a trashy girl. You know she's
trashy, but you just can't believe she keeps lying to you. Anyway, I still see
that mountainous rising wedge on that chart, the predictable (but false)
downside breakout, then the Bernanke reversal upwards. Folks, it just don't make
sense. Something's going on we can't see. Or maybe, and I still stubbornly
believe, more likely, after this little spurt stocks run dry and fall. If they
don't, then a large upside down head and shoulders looks for the Dow at nearly
14,900. I'm watching, but I still wouldn't buy stocks even with your money.
Currencies are enough to give the Headless Horseman a headache. Apropos of
nothing the dollar rose 34.1 basis points today to 80.534 and carried all
currencies before it. Euro sank 0.42% to 1.3032, looking more like it might blow
right past 1.2900 and drop lower. And just when y'all thought the yen could not
get any weaker, it did. Again. Dropped 0.92% today (gigantic for a currency) to
fall through 120c/Y100. Settled at 119.51c/Y100 (Y83.86/US$1). Maybe investors
are tired of holding yen at low or negative interest rates. Maybe Japan -- with
its Quasimodo balance sheet and Gargantuan debt -- will be the next focus of
questions about creditworthiness of sovereign debt. Today's the day in 1900 --
14 March 1900 -- that the US Congress crucified the nation on a cross of gold,
declaring superfluously that the country was on a gold standard. This of course
is impossible, since the constitution implies the "dollar of silver" is the
standard, and then the first congress fixed that standard in 1792 with the
Coinage Act. In other words, the Gold Standard Act was just a sop to the
bankers, and a knife in the back of farmers and laborers and of course, silver.
SPECIAL OFFER SILVER CLEARANCE When US 90% silver coin comes through we try to
clean all the unmerchantable coin out of the bags, coins that have holes, are
bent, or badly worn. Many were minted in the early 1900s, some in the 1800s.
After a while this stacks up and ties up capital. I have 9,580 grams of this
slick coin, broken into two each 3,000 gram sacks plus one 3,580 gram sack.
That's 32.15 troy ounces gross weight each, but at 90% purity that's only 28.936
pure ounces. These are dimes, quarters, and halves, some worn paper thin, but
all you will be paying for the weight of silver, at spot silver value less 10
cents or 32.05 per ounce. If you were pressed to use silver when paper money
fails, these ought to circulate, worn as they are. I am selling these as is, so
please don't buy them and call me back in surprise that they are so worn or have
holes in them. That's how I'm selling them. I have three of the following: No.
1, Two each 3,000 gram sacks of scrap US 90% silver coin containing 86.807 oz of
silver each at $32.05/oz = $2,782.17 + $25 shipping or a total of $2,807.17 No.
2, One each 3,580 gram lot of scrap US 90% silver coin containing 103.590 oz at
$32.05/oz for a total of $3,320.06 + $25 shipping = $3,345.06 total. I also have
some US 90% silver halves that went through a house fire and are blackened, a
few charred. These I will also sell for spot silver less 10 cents or 32.05/oz,
which equals $22.916 per dollar face value. So I am selling No. 3, Five lots of
$100.00 face value each of burned US 90% silver halves at $100 x $22.916 =
$2,291.60 + $25 equals $2,316.60. No. 4, One lot of $120.00 face value each of
burned US 90% silver halves at $120 x $22.916 = $2,749.92 + $25 equals $2,774.92
Yes, you may order as many lots as you please, but I'm sorry, no re-orders or
back-orders at these prices. Offer ends when my supply runs out. Please
remember, these are silver survival coins only, and will be worn or
fire-blackened. Survival only. Special Conditions: First come, first served, and
no re-orders at these prices. I will enter orders based on the time I receive
your e-mail at . We will not take orders for less than the minimums shown above.
All sales on a strict "no-nag" basis. We will ship as soon as your check clears,
but we allow Two weeks (14 days) for your check to clear. Calls looking for your
order two days after we receive your check will be politely and patiently
rebuffed. If you want faster shipping, please send a wire. Spot silver basis for
all prices above is $32.15 ORDERING INSTRUCTIONS: 1. You may order by e-mail
only to franklin@the-moneychanger.com. No phone orders, please. Your email must
include your complete name, address, and phone number. We cannot ship to you
without your address. Sorry, we cannot ship outside the United States or to
Tennessee. Repeat, your email must include your complete name, address, and
phone number. Our clairvoyant quit without warning last week and I stumbled and
dropped my crystal ball, smashing it to pieces, so we can no longer read your
mind. 2. Orders are on a first-come, first-served basis until supply is
exhausted. 3. "First come, first-served" means that we will enter the orders in
the order that we receive them by e-mail. 4. If your order is filled, we will
e-mail you a confirmation. If you do not receive a confirmation, your order was
not filled. 5. You will need to send payment by personal check or bank wire
(either one is fine) within 48 hours. It just needs to be in the mail, not in
our hands, in 48 hours. 6. We allow fourteen (14) days for personal checks to
clear before we ship. If your hurry is greater than that, you can send a bank
wire. Once we ship, the post office takes four to fourteen days to get the
registered mail package to you. All in all, you'll see your order in about one
month if you send a check. 7. Mention goldprice.org in your email. Argentum et
aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders,
The Moneychanger The-MoneyChanger.com © 2012, The Moneychanger. May not be
republished in any form, including electronically, without our express
permission. To avoid confusion, please remember that the comments above have a
very short time horizon. Always invest with the primary trend. Gold's primary
trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1
gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under
2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary
trend down; real estate bubble has burst, primary trend down. WARNING AND
DISCLAIMER. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that short
term trading outlook. I write them for long-term investors in physical metals.
Take them as entertainment, but not as a timing service for futures. NOR do I
recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT
physical metal and I fear one day one or another may go up in smoke. Unless you
can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary
of traps. NOR do I recommend trading futures options or other leveraged paper
gold and silver products. These are not for the inexperienced. NOR do I
recommend buying gold and silver on margin or with debt. What DO I recommend?
Physical gold and silver coins and bars in your own hands. One final warning:
NEVER insert a 747 Jumbo Jet up your nose.
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